Common use of Total Project Cost Clause in Contracts

Total Project Cost. The total cost of the Project is $13,500,000 of which (i) matching funds are being contributed by Grantee and others in the amount of $3,000,000 (the “Matching Funds”), and (ii) up to $10,500,000 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $13,500,000, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or

Appears in 2 contracts

Samples: Grant Award Agreement, Grant Award Agreement

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Total Project Cost. The total cost of the Project is $13,500,000 1,761,536, of which (i) matching funds are being contributed by Grantee and others in other sources are contributing $837,791 toward the amount of $3,000,000 Project (the “Matching Funds”), ) and (ii) up to Triumph shall provide a maximum of $10,500,000 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget923,745. To the extent that the actual cost of the Project exceeds $13,500,0001,761,536, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph for approval in the event that any case in which Grantee proposes to make a change to a previously approved Budget. For amendments where either (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or,

Appears in 1 contract

Samples: Grant Award Agreement

Total Project Cost. The total cost of the Project is $13,500,000 13,127,873, of which (i) matching funds are a match is being contributed by Grantee Xxxxxxx and others in the amount of $3,000,000 5,500,000 (the “Matching Funds”), and (ii) up to $10,500,000 7,627,873 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $13,500,00013,127,873, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or

Appears in 1 contract

Samples: Grant Award Agreement

Total Project Cost. The total cost of the Project is $13,500,000 41,100,000, of which (i) matching funds are being contributed by Grantee and others in the amount of $3,000,000 33,936,000 (the “Matching Funds”), and (ii) up to $10,500,000 7,164,000 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $13,500,00041,100,000, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or

Appears in 1 contract

Samples: Grant Award Agreement

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Total Project Cost. The total cost of the Project is $13,500,000 35,551,529, of which (i) matching funds are being contributed by Grantee and others in the amount of $3,000,000 11,248,860 (the “Matching Funds”), and (ii) up to $10,500,000 24,302,669 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $13,500,00035,551,529, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or

Appears in 1 contract

Samples: Grant Award Agreement

Total Project Cost. The total cost of the Project is $13,500,000 28,200,122, of which (i) matching funds are being contributed by Grantee and others in the amount of $3,000,000 15,827,187 (the “Matching Funds”), and (ii) up to $10,500,000 12,372,935 is being provided by the Grant. The total estimated cost of the Project is based upon the Budget. To the extent that the actual cost of the Project exceeds $13,500,00028,200,122, Grantee shall be solely responsible for such excess. Grantee shall monitor the Budget and submit an amended Budget to Triumph in the event that (a) the total cost of the Project cumulatively increases or decreases by greater than five percent (5%), (b) the total Budget cumulatively increases or decreases by greater than five percent (5%), (c) the Budget cumulatively increases or decreases by greater than five percent (5%) within a particular Budget category, and/or

Appears in 1 contract

Samples: Grant Award Agreement

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